BNET Industries
Sonic Corp. (SONC) is in the Food Industry
- Revenue
- Aug 31 2008
- $804.7M
- Profit
- Aug 31 2008
- $60.3M
- Market Cap
- Nov 28 2008
- $510.7M
Latest News and Analysis
Sonic: What's Up with the Company Units?
John Gordon submits: Sonic SONC released full year earnings on October 17th and is working forward on its fix-it plan. For the year, profits were down $4M or 6%. While it’s been difficult times for all restaurants, I was intrigued by the sales softness of the company operated “partner”...
Sonic Corp. F4Q08 (Qtr End 08/31/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions Your first question comes from Steve West – Stifel Nicolaus & Co. Steve West - Stifel Nicolaus & Co. Can you maybe explain the tip-credit wage initiative you are doing and really what does that mean? Are we supposed to be tipping at Sonic,...
Earnings Preview: Sonic Corp.
Sonic Corporation SONC is expected to report Q4 earnings Friday before the open with a conference call scheduled for 10:00 am ET.Guidance Analysts are looking for a profit of 33c on revenue of $228.59M. The consensus range is 32c to 34c for EPS, and revenue of $221.8M to $238.72M, according...
Sonic's Refranchising Thrust: Many Moving Pieces
John Gordon submits: Yesterday, the Wall Street Journal reported on Sonic Corporation's SONC refranchising thrust. The article did a good job pointing out the issues and problems of the day. However, there is more to the story. In their June 25 2008 Q3 earnings call, company executives took considerable time...
U.S. Consumers Could Feel Heat from Higher Fuel Costs
FP Trading Desk submits: Higher home heating prices could be another deterrent to U.S. consumers shopping this holiday season. “As if retailers did not have enough to worry about, just as the holiday season rolls around, most consumers will find a new sticker shock in their heating bills,” Gary...
Restaurants Still Feeling the Economic Slowdown
Paul Carton ChangeWave Alliance submits: Since November 2007, our ChangeWave consumer surveys have tracked a continuing slowdown in U.S. restaurant spending. To find out if the outlook for restaurants is showing any signs of improvement, we surveyed Alliance members on their dining habits during the weeks of June 25-July...
Sonic Corporation F3Q08 (Qtr End 5/31/08) Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Jeffrey Bernstein - Lehman Brothers. Jeffrey Bernstein - Lehman Brothers A couple of questions first, you talked about the gap of the company operated versus the franchise comp and it sounds like it did widen throughout the quarter. ...
Sonic Corporation F2Q08 (Qtr End 2/29/08) Earnings Call Transcript
Earnings Call ExcerptSonic Corporation SONC F2Q08 Earnings Call March 25, 2008 10:00 am ET Executives W. Scott McLain – President J. Clifford Hudson – Chief Executive Officer Stephen C. Vaughan – Chief Financial Officer Pat Watson – Corporate Communications Analysts Joe Buckley – Bear Stearns Howard Penney – Friedman,...
Sonic F1Q08 (Qtr End 11/30/07) Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions We’ll go first to Joe Buckley with Bear Stearns. Joe Buckley - Bear Stearns Thank you very much. Just a question on the Happy Hour initiative and the margin impact; I guess what your comments are implying is that the margin impact...
Hurricane shuts down up to 30 OKC-based Sonic restaurants
Sonic Corp. on Thursday said 25-30 franchise drive-in restaurants remained closed because of Hurricane Katrina. About half of the closures are expected to be temporary as the units wait for restoration of utility services. The remaining franchise drive-ins may have incurred significant structural damage and could be closed...
Sonic expands into its 28th state
Sonic Corp. is expanding its chain of 2,200 drive-in restaurants into its 28th state. The Oklahoma City-based franchisor of America's largest chain of drive-in fast-food restaurants has opened a unit in Boise, Idaho, the first outlet in Idaho for the 48-year-old chain. Sonic plans to open...
The Sun News, Myrtle Beach, S.C., Business Briefs Column.
Knight Ridder/Tribune Business News Nov. 20 -- IRS MAY BE TRYING TO GIVE YOU MONEY: The Internal Revenue Service is trying to locate more than 1,200 taxpayers in the Carolinas whose 1998 federal tax refund checks were returned by the U.S. Postal Service. ...
Forbes Recognizes Sonic Drive-In as One of the 200 Best Small Companies in America; Sonic Also Recently Named to QSR's America's Hottest Chains List
OKLAHOMA CITY--BUSINESS WIRE--Nov. 9, 1999-- For the sixth consecutive year, Sonic Corp. (Nasdaq/NM: SONC) has been named one of the best 200 small companies in America by Forbes, proving its unique approach in the highly competitive quick service food industry is a hit among consumers - and investors. In...
Sonic Named One of the 200 Best Stocks by Investor's Business Daily
OKLAMOHA CITY--BUSINESS WIRE--May 24, 1999-- Sonic Corp. (Nasdaq/NM: SONC) today announced that Investor's Business Daily IBD has named Sonic to its list of "200 Best Stocks" in its April 30 issue. Of the more than 9,000 publicly traded companies in the U.S., analyzed by IBD in terms of financial...
Sonic Corp. Reports Conclusion of Legal Action
OKLAHOMA CITY, Okl.--BUSINESS WIRE--May 18, 1998--Sonic Corp. (Nasdaq/NM: SONC) today announced that the Supreme Court of the State of Texas denied Sonic's appeal of a decision by the Texas Court of Appeals in a real estate-related lawsuit that has been ongoing for several years. As a consequence of the Supreme...
David Jordan Resigns As President Of Sonic's Franchising Operations
OKLAHOMA CITY, Okla.--BUSINESS WIRE--Feb. 12, 1996--Sonic Corp.(Nasdaq/NM:SONC) today announced that David A. Jordan, age 42, has resigned as President of the Company's franchising unit, Sonic Industries, to become Vice President of Strategic Planning of Shoney's, Inc. In addition to his responsibilities for the company's franchising operations, Jordan was also...
Sonic Finds Promotions Beneficial
Customers of Sonic Drive-Ins this month may have noticed a change in their take-out sacks, cups and napkins. Instead of the Sonic Drive-In logo, the bags have featured a promotional logo for the American Red Cross, "Help Can't Wait." March is Red Cross Month. ...
Additional Resources
The little ones
[ILLUSTRATION OMITTED] Okay, I've neglected the small game hunters and cartridges long enough. Only the .17 Mach II and .17 HMR have recently been introduced to fit this category. The .17 HMR is simply a necked down .22 Magnum and sales took off like wildfire. Everyone was putting...
'He's an odd bloke, this Mr Flowers - an effete man-boy Mormon
Tales of the City Brandon Flowers, singer with The Killers, has taken the unusual step of clarifying the lyrics to his band's new single, "Human". The song has been all over the airwaves like a sonic rash. Like a million other fans, I've hummed the chorus...
BEST OF THE REST
OPERA: LES CONTES DHOFFMANN (ROYAL OPERA HOUSE, LONDON) Rolando Villazon returns to the title role in the latest revival of John Schlesinger's cinematic production. Antonio Pappano conducts. (020-7304 4000) tonight TALKS: ALASTAIR...
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- Incorporated: 1974
- CEO: Mr. J. Clifford Hudson
- Employees: 383
Sonic operates and franchises a chain of drive-in restaurants in the United States. As of Aug 31 2008, Co. had 3,475 Sonic Drive-Ins in operation, consisting of 684 Partner Drive-Ins and 2,791 Franchise Drive-Ins. Sonic Drive-Ins feature Sonic signature items, such as specialty drinks including cherry limeades and slushes, frozen desserts, made-to-order sandwiches and hamburgers, extra-long cheese coneys, hand-battered onion rings, tater tots, salads, and wraps. Sonic Drive-Ins also offer breakfast items that include sausage, ham, or bacon with egg and cheese Breakfast Toaster® or Bistro sandwiches, sausage and egg burritos, and specialty breakfast drinks.
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Sonic Corp. Company Info
Board of Directors
Mr. J. Clifford Hudson
Chairman
Mr. Leonard Lieberman
Mr. J. Larry Nichols
Mr. H.E. "Gene" Rainbolt
Mr. Frederico F. Pena
Mr. Robert M. Rosenberg
Mr. Michael J. Maples
Mr. Frank E. Richardson
Contact Information
300 Johnny Bench Drive
Oklahoma City, OK
405 225-5000